Buffalo Bayou Partnership 2013 Annual Report

Page 24

FINANCIAL INFORMATION statements of financial position as of december 31, 2013 2013 ASSETS Cash

$

Pledges receivable

1,555,425 110,900

Prepaid expenses and other assets

90,572

Cash and certificates of deposit restricted for property

13,570,100

Pledges receivable restricted for property

21,673,882

Property, net

28,964,683

TOTAL ASSETS

$

65,965,562

$

34,219

LIABILITIES AND NET ASSETS Liabilities Accounts payable and accrued expenses Construction payables

2,066,911

Deferred revenue

257,300

Note payable

718,297

Total liabilities

$

3,076,727

Net Assets Unrestricted

9,772,709

Temporarily restricted

53,116,126 62,888,835

Total net assets TOTAL LIABILITIES AND NET ASSETS

24

$

65,965,562


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